The Board of Trustees has approved Ithaca College’s 2012-13 budget, setting tuition at $37,000 and room and board at $13,400 for the year.

Ithaca College announced yesterday it will raise tuition 4.71 percent for the 2012-13 academic year, bringing tuition to $37,000 with room and board rising to $13,400. The total cost of attendance will be $50,400.